| Market Conditions for Eliot, Maine
Reported by Bruce Edgerly, REALTOR
Updated October 23, 2007. |
Current Market Rating: 1
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| 2 | 3 | 4 | 5 | Buyer's
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| Seller's |
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| Current Price Trend: 2
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| 2 | 3 | 4 | 5 | Falling
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| Rising |
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Though the market has gotten weaker in some areas...properties closest to the ocean are still moving...Summer of 2007 even exceeded that of 2006...Buyers are still looking and know that this is the time to be buying before the market bounces back to the sellers court. It is now fall 2007 and calls are still coming in which leads me to believe that 2008 should be even better.
Though the market has dropped drastically in other states, Maine is holding its own and sales have increased since 2006. This is a very good sign for Southern Maine Real Estate. It appears that buyers are trying to lock in to their second homes or investment properties while the market is still in their favor.
ZIP Code: 03903
Location Characteristics: Eliot is a town in York County, incorporated on March 1, 1810 from a portion of Kittery.
Settled in the 1630's it was part of the Piscataqua Plantation created in 1647. Its many historic sites include Maine's first Quaker Meetinghouse built in 1776.
A growing residential community serving the Kittery and Portsmouth areas, its population expanded by almost 12 percent in the 1990-2000 decade.
The population, at the time of the 2000 census, was 5,954.
County: York ~ School Dist/Dept: ~ MSAD 35 ~ Senate District: 1 ~ House District: 148 ~ Congressional District: 1 ~ Population: 5954 ~ Area: 20.3 sq miles ~ Pop. Density: 302/sq mile ~ Longitude: W 70:47:22 ~ Latitude: N 43:08:49
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